Changes to Housing benefit how much will rents fall?

ukcarper

Just to put it into perspective 45 mins from London by train yearly season ticket about £3000.

Reasonable 4-bed £1100 per month reasonable 3-bed £900.

Silverbull

So one way or another prices will fall in London.

Either rents fall and not so many move out of the City. Or many move out freeing up lots of properties and rents fall with lack of demand.

As I said before I think it will be a bit of both, rents and then house prices will fall in London for the next fe years.



These families getting up to 4500wk benefit to pay rent has no doubt propped up the market. Take the props out and what happens.

ukcarper

Silverbull wrote: »

So one way or another prices will fall in London.

Either rents fall and not so many move out of the City. Or many move out freeing up lots of properties and rents fall with lack of demand.

As I said before I think it will be a bit of both, rents and then house prices will fall in London for the next fe years.



These families getting up to 4500wk benefit to pay rent has no doubt propped up the market. Take the props out and what happens.

How many get £4500 a week not many not a very big prop I would suggest.

Silverbull

But a lot are getting thousands a week just for rent.

I think not many have realised the huge implications of these changes.


The Shelter chief executive, Campbell Robb, said the cap would drive thousands of people from their homes into areas with more limited job opportunities. A senior London housing official, speaking off the record due to his civil service status, said: " I have been in housing for 30 years and I have never seen anything like this in terms of projected population movements. London is going to be a bit like Paris, with the poor living on the periphery. In many boroughs in inner London in three or four years there will be no poor people living in the private rented sector … it is like something from the 19th century."

chucky

Silverbull wrote: »

So one way or another prices will fall in London.

Either rents fall and not so many move out of the City. Or many move out freeing up lots of properties and rents fall with lack of demand.

As I said before I think it will be a bit of both, rents and then house prices will fall in London for the next fe years.

that depends if you can be bothered with the hassle of the commute and save more than £250 a month

ukcarper wrote: »

Just to put it into perspective 45 mins from London by train yearly season ticket about £3000.

rental prices will have to fall much more than this £3k a year / £250 a month for people to leave London.

ukcarper

Silverbull wrote: »

But a lot are getting thousands a week just for rent.

I think not many have realised the huge implications of these changes.


The Shelter chief executive, Campbell Robb, said the cap would drive thousands of people from their homes into areas with more limited job opportunities. A senior London housing official, speaking off the record due to his civil service status, said: " I have been in housing for 30 years and I have never seen anything like this in terms of projected population movements. London is going to be a bit like Paris, with the poor living on the periphery. In many boroughs in inner London in three or four years there will be no poor people living in the private rented sector … it is like something from the 19th century."

I don't think lots are getting thousand a week in rent

Silverbull

Chucky you do not understand the situation at all.

What would you say to the senior London housing official, who speaking off the record due to his civil service status, said: " I have been in housing for 30 years and I have never seen anything like this in terms of projected population movements. London is going to be a bit like Paris, with the poor living on the periphery. In many boroughs in inner London in three or four years there will be no poor people living in the private rented sector … it is like something from the 19th century."

chucky

Silverbull wrote: »

Chucky you do not understand the situation at all.

oh i do - i can't see people moving out of London because rents are expensive because their LHA has been cut by £100-£200 a month to live outside London and then have to pay £250 a month to get to work in London plus the additional commute.

Silverbull

chucky wrote: »

oh i do - i can't see people moving out of London because rents are expensive because their LHA has been cut by £100-£200 a month to live outside London and then have to pay £250 a month to get to work in London plus the additional commute.

So you really do not see these projected population movements? London is going is going to carry on housing the poor somehow?

Can you tell us how Chuck?

chucky

Silverbull wrote: »

So you really do not see these projected population movements? London is going is going to carry on housing the poor somehow?

Can you tell us how Chuck?

unless there are more jobs created outside London and the South East there won't be a massive impact - there will be an impact but not what you're predicting....

have a think about this...

London and the South East covers 8% of the UK but it has 16% of the population. there's a reason for that - employment and job opportunities. population density is 165% more than the rest of the UK.

until there are jobs outside of this area - there won't be a huge impact.